Torrent Power to Invest in Green Hydrogen and Ammonia Production for Renewable Energy Expansion
Key Ideas
- Torrent Power plans to invest Rs 7,200 crore in green hydrogen and ammonia production alongside Rs 57,000 crore for achieving 10GW of renewable energy capacity by 2030.
- The green hydrogen project aims to produce 100,000 kilo tonne of green ammonia annually for both domestic and export markets, contributing to sustainable energy initiatives.
- This initiative is expected to create around 1,000 direct and indirect jobs, further boosting economic growth and employment opportunities in the renewable energy sector.
- Torrent Power's commitment to next-generation renewable energy technologies highlights a significant step towards a cleaner and more sustainable energy future.
Torrent Power, based in New Delhi, announced a major investment in next-generation renewable energy sources, including green hydrogen and ammonia production. With a total investment of Rs 7,200 crore, alongside additional projects worth Rs 57,000 crore, the company aims to achieve a 10 gigawatt renewable energy capacity by 2030. The green hydrogen project, with an annual capacity of 100,000 kilo tonne of green ammonia, is set to serve both domestic and export markets. This move is not only aimed at expanding renewable energy sources but also at promoting sustainable energy practices. The initiative is projected to generate approximately 1,000 direct and indirect job opportunities, contributing to economic growth and employment in the sector. Torrent Power's strategic investment in green hydrogen and ammonia production underscores its commitment to advancing sustainable energy solutions and signifies a positive step towards a greener future.